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  • 5 Ways in which Reports and Dashboards Can Help Startup Businesses

Featured Image Caption: Dashboard Reporting

According to a survey done by The Alternative Board, an average entrepreneur spends 68.1% of their time working “in” their business tackling day-to-day tasks, putting out files, etc., and only 31.9% of the time working “on” their business, long-term goals, strategic planning, etc. This could be due to a staff shortage, lack of resource management, or limited budget, and management software can help with that. Management software can satisfy the lack and shortage of manual efforts and resources.

Running a startup, managing all the work orders, and organizing your data, can be a little tricky and sometimes a hassle. Various Business Management Software provides immense support and enriched facilities to organizations. They help build and sophisticate their functions with features like reports and dashboards, accounting, calendar view, scheduling, tracking, and more. The features aim to enhance productivity, reduce expenses and manage the business within a single platform.

What Are Reports and Dashboards?

Reports and dashboards are among the most important and influential business management software features, and they can be found in most Field Service Management Software. The reports are then analyzed and converted into graphs, charts, gauges, or metrics and displayed on the dashboard for the user’s view. The report and dashboard feature work together to make data analysis and progress rate monitoring easier and smoother. It ensures that the company tracks its progress at every step and rectifies any possible errors from the root.

To define them in a more technical form, a dashboard is a graphical representation of the data generated by a report. It provides visual components for reports based on key metrics and performances. Reports and Dashboards are compatible duos in the startup phase of any business, as it helps them manage their position in the market and suit themselves.

5 Ways Reports and Dashboards Benefit Startups

Enhanced view of all the company data

While starting a company, people tend to manually note down all their data, accounts, and other important information. With reports and dashboard software in hand, you can upload all your files digitally to the in-built cloud and retrieve the analyzed data directly onto the dashboard. This provides enhanced and detailed insight into the company data. It becomes easier to track a dip and rise in progress, performance, and income.

Having an enhanced view helps startup businesses analyze their position in the market, rectify errors and stabilize their business. Having real-time company statistics at your fingertips is advantageous for any startup or growing business.

Track the progress of every sector

The reports and dashboard features do not stop with an enhanced view. It provides insights into every part of the business. Any detail included in the regular reports starting from the accounts, schedules, appointments, employees, work orders to the income, time, and other parts of the business is visible on the dashboard. It’s collectively analyzed and put into different figures, making it easier to comprehend.

The segregated and individual dashboard analytics helps small and medium-sized businesses effectively monitor the minor parts of the business. The software generates accurate information on different business sections, helping managers and entrepreneurs find the boosting and hindrance of the businesses’ growth.

Joy Gomez

By Joy Gomez
– Code is the central element that governs Joy Gomez’s universe; how he thinks, and how he lives. He is a self-taught, process-driven programmer and a first-generation immigrant from Southern India. He has completed engineering school while working full time with generous support and scholarships from employers due to his high productivity and drive. He has a Black belt in Lean Six Sigma. He has created Field Promax to pursue his natural-born expertise – code, streamline processes, and code more.

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